Tr3zor Has Launched The World’s First Lost And Found Platform Powered By Blockchain Technology!
In a world where we are constantly on the move and our belongings are often scattered around us, it’s no surprise that lost and found items have become a common occurrence. Whether it’s a lost phone, wallet, or even a beloved pet, the inconvenience and stress of losing something can be overwhelming. Fortunately, a new platform has been launched that promises to alleviate some of this burden by creating a community-driven solution for sharing lost and found items.
Tr3zor was founded by a team of tech-savvy entrepreneurs who recognized the need for a more efficient and reliable way of locating lost items, and ultimately rewarding the effort of the lost item finders. The platform operates on a simple formula: people can post information about any lost item, and anyone who finds it can collect a bounty that has been placed on the item.
Here’s How it Works:
To get started, the user that is a either finder or a searcher simply needs to sign up for an account on the Tr3zor website or mobile app. Once registered, they can post information about any lost/found item they have, including a detailed description and any other identifying information, such as a serial number or unique markings. On the other side of the coin, people who find lost items can also sign up to the platform and search for lost items in their area. The TR3ZOR platform then scans the database and matches both parties. The searcher deposits TR3 tokens to reward the finder with the bounty.
Tr3zor is designed to be a win-win situation for both parties involved. People who lose items can feel more at ease knowing that there is a community-driven platform available to help them find their lost belongings. Meanwhile, people who find lost items are incentivized to return them to their rightful owners, which helps to build trust and promote goodwill within the community.
Another benefit of Tr3zor is that it provides a universal repository for lost item information, which can be particularly useful for businesses, such as hotels, airports, or train stations. Instead of keeping lost items in a lost and found box, these organizations can post information about the lost items on the platform, which can then be searched and scanned systematically over a one-stop platform.
Overall, Tr3zor is an innovative and practical solution to a common problem that affects people around the world. With its community-driven approach, it has the potential to connect people in meaningful ways and help restore lost items to their rightful owners.
Get your native Tr3zor tokens and start interacting with the community. For more details, please visit Tr3zor’s website: https://www.tr3zor.app
Tr3zor App is available on both Google Play and Apple App Stores.
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Pro-XRP lawyer Explains What Will Happen to Coinbase if Ripple lost the Case Against the SEC
Attorney Jeremy Hogan, a lawyer who supports cryptocurrencies and works at Hogan & Hogan, took to Twitter to explain the potential consequences for Coinbase if it chooses to relist XRP before a ruling is made in the SEC vs. Ripple lawsuit.
Hogan highlighted that if Coinbase relists XRP and Ripple ends up losing the lawsuit against the SEC, it could put Coinbase in a disadvantaged position for its own ongoing legal battles.
He wrote, “Well, if Ripple were to lose, it’d put them on their backheel in their pending litigation. Any chance of a relisting prior to Ripple verdict went out the window with the SEC Wells notice IMO.”
Coinbase had previously removed XRP from its platform after the SEC filed a lawsuit against Ripple, accusing the company of breaching securities regulations through the sale of XRP. The legal case has been ongoing for over two years, and there is currently no set date for Judge Torres to deliver her verdict. However, the cryptocurrency market is currently awaiting verdict in the prolonged Ripple case.
Talking about the SEC’s reply to Coinbase petition, Hogan said, “The Coinbase writ was never about getting an answer to whether the SEC will fairly regulate crypto. That’s obviously a “no.” This was a Coinbase offensive against the SEC lawsuit against it coming this summer. And it got some interesting tidbits to use.”
Coinbase took legal action against the SEC on April 24 by filing a lawsuit, before issuing a response to the SEC’s Wells notice.
“As Coinbase’s own submissions make clear, considering the various paths it suggests is a necessarily complicated endeavor. Yet Coinbase filed its rulemaking petition fewer than ten months ago, supplemented aspects of the petition fewer than three months ago, and sought to supplement the record again only weeks ago,” the SEC stated.
How Tech Investor Balaji Srinivasan Lost a $1M Bitcoin Bet But Remains Bullish on Cryptocurrencies
Former Coinbase CTO, Balaji Srinivasan, recently withdrew from his $1 million Bitcoin bet in which he gambled that the price of Bitcoin would reach $1 million. Although he withdrew from the bet, Srinivasan still believes that the US dollar is heading towards hyperinflation and that the economy will not experience a “soft landing” as promised by the Federal Reserve chairman, Jerome Powell.
Let’s dive into the details of Balaji’s controversial move, and explore his views on the current state of the economy.
Burning a Million Dollars: The Provocative Signal
Srinivasan made a bold statement on Twitter, announcing that he had mutually agreed to settle his Bitcoin bet upfront. He provided on-chain evidence of three $500,000 payments, including one to Medlock (the counterparty of the bet), another to charity organization Give Directly, and another to Bitcoin Core development. Srinivasan stated that he spent his own money to send a provably costly signal that there was something wrong with the economy.
Fiat Crisis to economic collapse
According to Srinivasan, multiple areas of the economy are already bordering on breaking. The US debt ceiling is fast approaching, and most US banks are near insolvency, with assets held by failed banks comparable to 2008 in value. Additionally, bonds suffered their worst year ever in 2022, which have been largely bought by banks and insurance companies. Student loan debt and credit card debt are also at all-time highs, amounting to $180 billion and $960 billion respectively.
Also read his previous take on BTC: https://coinpedia.org/news/bitcoin-shall-rise-dollar-will-be-devalued-balaji-srinivasan-doubles-down-on-2023-prediction/
Moreover, Srinivasan also believes that countries are “de-dollarizing” at a rapid pace, echoing views published by BitMEX co-founder Arthur Hayes last month that the dollar could be on track to lose its status as the global reserve currency. He states that if simultaneous economic crises cause a massive print in 90 days, 900 days, or even 90 months, then a fiat crisis is expected, and people should be prepared for it.
In an attached video, Srinivasan explains that financial turmoil can happen fast without warning from regulators or the government. He cites examples such as Ben Bernanke’s prediction of a “mild recession” in April 2008, only five months before the great financial crisis officially began. The Federal Reserve injected $300 billion into the economy following Silicon Valley Bank’s collapse in just two days, and two weeks later, $500 billion flowed out of commercial bank deposits into money market funds.
Final Thoughts
Balaji has been predicting a financial disaster for years. However, his decision to withdraw from the bet and burn $1 million to send a message shows his conviction in his thesis.
“The possibilities are endless,” he said. “We’re on the brink of a new era in finance, and I’m thrilled to be a part of it.”
How will this affect the economy? Should Balaji worry? How can people prepare for financial crises? We should think about these questions as we move forward.
Lost Money On Tron (TRX) And Chainlink (LINK)? Recoup With The Uwerx (WERX) Presale!
Becoming wealthy in the crypto industry is possible but difficult. The volatility surrounding coins can make their price go up and down daily. But a sure-fire hit for long-term profit gains, as we all know, is investing early in initiatives with incredible growth potential and solid fundamentals. And the Uwerx project will be the prime example of this strategy! Let’s dive deeper into what puts Uwerx above coins like Tron (TRX) and Chainlink (LINK) in the most promising investment opportunities list!
Tron (TRX) Loses Heat
Tron (TRX) is one of the numerous cryptos competing to use blockchain technology to decentralize the internet. Individuals may deal directly with one another using the Tron (TRX) smart contracts, doing away with the necessity for mediators.
As with many coins, Tron (TRX) saw a price surge in this new year. The currency saw a rise of 6% in the past week alone. Unfortunately, Tron (TRX) appears to be cooling off as it lost nearly 4% over the last 24 hours, as it currently trades for $0.065. Its market cap has also decreased as it now sits at $357,993,760, a loss of 3.78% in the past day. Tron (TRX) holders are beginning to lose hope for the coin as this bearish trend is predicted to continue.
Chainlink (LINK) With A Slight Rally
Chainlink (LINK) is a decentralized crypto initiative that seeks to integrate smart contracts with the information they can’t usually access to fill the void among blockchain systems and the outside economy. This goal helped make Chainlink (LINK) one of the most popular cryptos in the past.
Recently, Chainlink (LINK) saw an increase of 6% in the past month as the developers launched the staking feature. Nevertheless, the coin has been underperforming in analysts’ eyes as Chainlink (LINK) is currently valued at $7.55, down nearly 66% in the past year. Although Chainlink (LINK) may seem attractive, we would advise putting your funds into projects with more upside potential.
Uwerx (WERX) Looks Poised To Take Over
Uwerx will revolutionize the freelance market and may even become a top freelance platform utilized by millions of individuals as it will provide something traditional freelance platforms do not – blockchain technology! With traditional freelance platforms like Fiverr or Upwork, you could see many problems – high fees, scams, and content theft- but Uwerx will resolve all of those issues.
This one-of-a-kind freelance platform will drastically improve record-keeping since every piece of information will be kept on the blockchain, flat fees of 5% (unlike the 20% that Fiverr and Upwork take), and will bring protection of intellectual property rights – your content will remain your content! With these advantages over its competition, Uwerx will definitely become the most popular freelance platform on the market!
Nevertheless, with many new crypto projects becoming scams, we also have to look at the security aspect of Uwerx. The visionaries behind Uwerx, after its launch, will place a 25-year lock on liquidity after the presale ends, preventing any rug-pulls from occurring. As another plus in Uwerx’s book, the popular smart contract auditing company InterFi Network and SolidProof have both completed audits of the presale even while it is in Stage 1.
Uwerx passed the audit with high marks, showcasing that it is here to stay, which is an excellent sign for any new investor! One WERX coin has a price of just $0.0065, but experts are forecasting a $2.90 price point by mid-2023. We believe that $0.0065 is a perfect price point to purchase an asset that could bring you 20x the profit and become a blue-chip currency down the road – get your share of the action by following the links below and earn a 25% purchase bonus and stand to win $5,000 in a competition.
Presale: invest.uwerx.network
Telegram: https://t.me/uwerx_network
Twitter: https://twitter.com/uwerx_network
Website: https://www.uwerx.network/
| Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. The image used in this article is for informational purposes only and is provided to us by a third party. Coinpedia should not be held responsible for image copyright issues. Contact us if you have any issues or concerns. Readers should do their own research before taking any actions related to the company. |
Safemoon Network Exploited, $8.9 Million Lost – Here’s Complete Story
On March 28, Safemoon Network experienced an attack on its BNB liquidity pool, resulting in a loss of approximately $8.9 million. The attack exploited a faulty smart contract design that allowed any user to burn tokens from any address. The attacker siphoned SFM tokens from the Safemoon-WBNB liquidity pool, artificially raising the SFM price, and sold them into the same liquidity pool at an inflated rate, wiping out the remaining WBNB.
SFM Price Dips and Stabilizes
Following the attack, the SFM token price dropped by up to 40% in the last 24 hours but has since stabilized. Coingecko’s latest market data shows that SFM traded at around $0.0001849, down by approximately 20% during the early London market. Despite the dip, the Safemoon (SFM) still has a market capitalization of about $106,958,984 and a 24-hour traded volume of approximately $1.1 million.
Also Read SafeMoon V2 Price Prediction 2023, 2024, 2025 – 2030:
According to John Karony, CEO at Safemoon, the network’s decentralized exchange (DEX) was unaffected by the recent attack. Additionally, Karony stated that the vulnerability had been patched, and the SafeMoon Wallet is safe and secured by Orbital Shield.
Most importantly, Karony assured Safemoon users that their tokens are safe as other liquidity pools were not affected.
The attack on Safemoon’s BNB liquidity pool was, however, a massive blow to an ecosystem that is down over 94 percent from its ATH. Notably, SafeMoon V1 migrated to SafeMoon V2 in December 2021 with the same original supply consolidated at a 1:1000 ratio. Combined with token burns, the Safemoon army hopes the SFM price will eventually take the ride to the moon.
Costly Mistake: Here’s How a USDC Investor Lost 2 Million in a Race Against Time
The collapse of Silicon Valley Bank (SVB) on March 10 has caused ripples in the crypto industry, leaving many investors anxious about the exposure of major players like Circle, the issuer of the popular stablecoin USDC. With $3.3 billion, or around 8%, of its reserves held at SVB, Circle is now facing heavy redemptions as investors move to cash out.
The fear of USDC insolvency has caused users to flee to safety in other stablecoins. However, panic sales have resulted in mistakes, with one unlucky user paying $2,080,468.85 to receive only $0.05 of USDT. This costly mistake was revealed in a Twitter thread by BowTiedPickle.ETH
The sequence of events
This investor decided to exchange their USDC for other stablecoins like Tether to avoid the crash. However, little did they know that this decision would cost them a fortune. They paid over $2 million to receive only $0.05 of USDT!
How could this happen, you ask? Well, the investor had stored their assets in a liquidity pool, a popular method to earn passive income in cryptocurrencies. They could have easily sold their LP tokens for USDT at a 6% slippage, but they chose a questionable method instead.
They used the KyberSwap aggregation router to dump a large clip of 3CRV (DAI/USDC/USDT) LP token into USDT, a questionable decision that would cost them dearly.
The UniswapV2 pool, pairing 3CRV/USDC, had sat idle for the last 251 days. The pool contained about $2 in liquidity and was in no way equipped to handle the $2 million that was about to be slammed into it. The investor’s mistake was costly, as x * y = k quickly did its grim work.
Exactly 54,182 units of USDC, worth about 5 cents, left the contract for the second leg of the swap, where they were happily swapped into USDT and went on to the swapper. The pool, now hideously imbalanced, cried out for aid, and an MEV bot answered the call.
The bot paid $45 in gas and $39k in MEV bribes, netting $2.045M in profit. This was not a particularly complex bot, just one with the ability to unwrap 3CRV, flash bots, and back run. It was a simple case of equal opportunity but unequal results.
It’s a cautionary tale of how human error can result in a permanent loss of funds. The investor’s mistake cost them dearly, but it also highlights the importance of double-checking information and methods of a transfer before cashing out cryptocurrencies.
As the cryptocurrency market continues to evolve, investors must stay vigilant and keep their wits about them. One wrong move could mean the difference between making a fortune and losing everything.
Top Reasons Why Bitcoin Price Lost Its $23K Resistance
The crypto market kicked off the year 2023 on a positive note and majority of the cryptocurrencies landed on a high trading area. However, now it looks like the market has taken a U-turn as most of the currencies including Bitcoin, Ethereum, XRP, Cardano, Solana and other large cap currencies have registered a loss. The Bitcoin price has shed nearly 1.5% in the last 24hrs while the lead altcoin, Ethereum, has lost its $1,600 level.
At the time of publication, Bitcoin is selling at $22,656 after a drop of 1.2% in the last 24hrs. Also Ethereum has lost 4.57% in the span of a day and is now trading at $1,553.
Why Is Bitcoin Price Down ?
The last three weeks of January have been exceptionally good for cryptocurrencies. Nevertheless, now as the flagship currency, Bitcoin gradually makes a downward movement which is considered to be highly unusual considering its last few days performance. This also points towards investors who have become less optimistic towards bitcoin’s price action.
It’s a known fact that Bitcoin and other large cap cryptocurrencies are highly correlated with tech stocks. Hence, this becomes one of the reasons for Bitcoin and other cryptocurrencies to register a loss today.
Secondly, the crypto market might be reacting to the upcoming US fourth-quarter gross domestic product (GDP) which is set to be released Thursday.
Thirdly, the market experts point towards the entry of hedge funds into short positions. Next, the volatility in the crypto market could be due to Microsoft’s cloud outage which has affected investors’ sentiment. Lastly, traders anticipating ease in the monetary policy in the coming days might have caused crypto market volatility.
However, next week’s Fed meeting is expected to give these cryptocurrencies a much required push if the inflation rate is decreasing.
Shiba Inu To Lose its Recent Gains; Has the SHIB Price Lost Control of the Bull Market?
Shiba INU bears appear to have again activated as the prices are falling apart for the past few hours. The price is experiencing extreme selling pressure due to which it has plunged by more than 6% in the past 24 hours and still counting. The RSI is heading south, the price rejected the crucial 50-day MA levels, and MACD displays an accumulated bearish volume while the cross-over is still distinct.
This may indicate the bearish trend may be continued for some more time which could drag the price lower to reach the support zone below $0.0000082. However, despite the bearish clouds prevailing over space, the current trade set-up appears to just trap the short traders as the price is closer to manifesting a notable upswing. But well before the bullish breakout, the price is closer to manifesting a notable pullback.
Supply on Exchanges Surge
The supply on exchanges denotes the percentage of the tokens stored in their wallets. This signifies the presence of liquidity in order to carry out the buy or sell trade. The supply has reached rock bottom levels which had created a liquidity crunch, and with an intensified demand, the price was set to inflate. However, the slight rise in the supply has eased the pressure mounting on the demand which may assist the bears to dominate over the crypto for some more time.
Whales Intensify Their Accumulation
Whales largely do not contribute towards the volatility of the asset which is much required for the price to rise. However, if the whales again start accumulating, it indicates the price may turn bullish in the near future but may remain under bearish captivity for now. As they usually accumulate the tokens in the bearish market.
Daily Active Address (DAA) Consolidates Around the Lows
The daily active address indicated the number of addresses interacting with the platform regardless of whether they want to carry out a buy trade, a sell trade, or just swap the tokens. An increase in the metrics indicates the high involvement and interest of the market participants over the network.
However, the DAA in the case of Shiba INU remains drowned, indicating the shift of focus of the market participants over the other assets. This may largely impact the price as the volatility may be slashed in the coming days.
MVRV-Z Score Heading Towards Lows
MVRV is an indicator that determines whether the asset is undervalued or overvalued, and Z-score enables you to compare the current price to its historical moving average price. It offers the fair value of the asset by comparing the market value with its realized value and determining if the prices are overvalued or undervalued. Presently, the values have declined to hover within the negative levels and hence indicating the price to be under a bearish influence.
Collectively, Shiba INU (SHIB) Price appears to remain under bearish pressure for an extended time frame, beyond which a suitable upswing may be framed. However, until then the short traders may place their bets and on liquidation, the SHIB price may be compelled to rebound and spike high.
FTX Task Force Launched, Will FTX Customers Get Their Lost Funds?
While the entire crypto space is awaiting justice in the FTX case, the company’s founder and former CEO Sam Bankman-Fried have pleaded not guilty to the charges of deceiving his investors. This statement was given before Manhattan federal court on January 3, 2023.
Banman-Fried has denied all the charges which accuse him of defrauding his FTX customers and using it for his real estate purchases, political donation, and much more. Following this, Judge Lewis A. Kaplan has now set a tentative trial date of October 2 which might be preponed or postponed a day or two. It’s also reported that due to the accusation of fraud and multiple financial offenses, SBF might face 115 yrs of imprisonment.
FTX Task Force To Recover FTX Customer Funds
Meanwhile, on the same day, January 3 the Manhattan US Attorney’s Office revealed a plan to form FTX Task Force. This Task Force will mainly focus on investigations and the charges that are currently faced by FTX. Here the Task Force will try to recover the victim’s assets from FTX.
At present, Sam Bankman-Fried is out on $250 million bail, but he is currently under house arrest at his parent’s place. It’s just not SBF, even FTX co-founder Gary Wang and Alameda Research’s former CEO Caroline Ellison is also facing charges.
On the other hand, as per the sources, the FTX Task Force will have lawyers from Money Laundering, Securities and Commodities Fraud, Public Corruption, and Transnational Criminal Enterprises departments. The Securities and Exchange Commission has reported that the customers have stated a loss of $8 billion after FTX and Alameda Research collapsed.
As mentioned earlier, Alameda Research which is SBF’s hedge fund had huge stakes in FTT tokens which is a native token of FTX. These staked FTT tokens were used to lend billions of loans.
This is How Terra Plans to Revive the Ecosystem, Will LUNC, LUNA & USTC Price Regain Lost Levels?
Terra Ecosystem has been closely monitored ever since the crypto markets collapsed due to the native tokens of the network. The fall was historical, which created a domino impact on the other platforms as well. More significantly, the impact continues to coil up as the investors still remain aloof and are not willing to go long on the tokens.
However, to gain back the confidence and the strength of the rally, Terra’s Governance Team made up of LUNC & LUNA has proposed a new expansion strategy. This strategy aims to restore the entire ecosystem after the tragic event.
The program is basically a revision of the Developer Mining Program & Developer Alignment Program which were initially defined during the launch of the Terra blockchain. The revision mainly aims to better align the incentives across the ecosystems & attract the developers. Along with this, the plan also focuses on onboarding users & promoting deep liquidity.
The main aspects of the revision are:
- The initial 100 million LUNA allocation will be now slashed to 95 million with 80% of this will be rewarded to the developers as mining rewards
- Secondly, the mining rewards will be dropped from 80 million LUNA to 20 million LUNA
- Additionally, 50 million LUNA will be reallocated as liquidity mining rewards to develop the decentralized exchanges on the Terra ecosystem
- Lastly, another 20 million LUNA would be distributed annually among the developers in form of grants & 5 million to be distributed to the community as an incentive for growth
While the TVL of LUNA has plunged heavily and so as the native tokens LUNA & LUNC. Moreover, the tokens forecast the possibilities of a continued descending trend over some time. Also, the recently launch 1.2% tax burn proposal which was widely implemented, failed to uplift the prices accordingly.
In such a case, it is unclear whether the revival plans will restore the ecosystem to its former glory.
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User Lost $40M Worth of BTC in Celsius Network Crisis
The post User Lost $40M Worth of BTC in Celsius Network Crisis appeared first on Coinpedia Fintech News
The recent breach of Celsius network users’ transactions revealed some interesting development days after the tragic incident occurred.
It is worth recalling that the troubled cryptocurrency lender Celsius disclosed the identities and transaction information of thousands of customers, who incurred massive losses. The document is 1,450 pages long and contains personal information on Celsius’ customers, such as wallet ID, type of tokens owned, and value. The top ten Celsius investors lost more than $200.6 million at the current currency rate, according to the statistics.
Jacob Benjamin Fite, a Celsius user went through a major loss due to the event. Fite’s major holding is Bitcoin (BTC) which represents 98% of his portfolio.